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What’s Expected to be Key for Bank of America in Q2

Robert Karr
What’s Expected to be Key for Bank of America in Q2

Bank of America (BAC), set to report its Q2 2018 results on July 16, is expected to post EPS of $0.61, representing 32.6% growth YoY (year-over-year). Among bankers, JPMorgan Chase (JPM) has had the highest credit offtake growth rate in recent quarters, followed by Citigroup (C). Bank of America posted strong numbers in the first quarter, with EPS of $0.62 due to trading revenue and lower tax. Although its trading revenue is expected to decline sequentially in Q2, it is expected to rise YoY.